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News From Our Members | PayNearMe Celebrates Processing $1B in Disbursements For Nonprofit Grameen America

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PayNearMe Celebrates Processing $1B in Digital Loan Disbursements to Fund Low-Income, Entrepreneurial Women For Nonprofit Grameen America

PayNearMe makes disbursing loans as easy, fast and convenient as receiving electronic payments; allows clients to offer customers more options for how to receive funds.

“During the last two years, we have utilized PayNearMe digital Disbursements to send over $1 billion to thousands of financially underserved women entrepreneurs,” said Marcus Berkowitz, Chief Product and Innovation Officer at Grameen America.

Read the full release.

News from our Members is an opportunity for AFSA member companies to share press releases, data, white papers and more directly with readers. Learn more in the AFSA Advertising Kit.

News From Our Members | PayNearMe Celebrates Processing $1B in Disbursements For Nonprofit Grameen America
Jun 09, 2023

PayNearMe Celebrates Processing $1B in Digital Loan Disbursements to Fund Low-Income, Entrepreneurial Women For Nonprofit Grameen America

PayNearMe makes disbursing loans as easy, fast and convenient as receiving electronic payments;… Read the rest

AFSA Hits the Hill
Jun 08, 2023

AFSA members stressed the importance of access to credit directly with legislators and policymakers this week during AFSA’s annual fly-in.

Consumer credit is crucial to Americans from coast to coast. Engaging with policymakers is one of… Read the rest

Fair Lending Takes Center Stage
Jun 07, 2023

In this episode of the podcast, Philip Bohi, VP of Compliance Education talks with Dr. Adam Gailey, Principal in the Financial Economics Practice at Charles Rivers Associates, on getting your Fair Lending house in order and looking carefully… Read the rest

Featured Business Partner | ACI Worldwide
Jun 05, 2023

The Featured Business Partner for June is ACI Worldwide.

As an unrivaled leader in billing and payments, ACI Worldwide offers ACI Speedpay, proven to drive efficiency and increase collections. Through our comprehensive suite of softwareRead the rest

Economy Matters: May Jobs Numbers & Fed Outlook
Jun 02, 2023

The labor market remained buoyant in May, according to the latest employment report from the Bureau of Labor Statistics (BLS). In addition to muddying the waters with respect to the U.S. economic outlook, this month’s jobs report also complicates… Read the rest

DIDMCA Opt-out Complications
Jun 02, 2023

The AFSA SGA team published their June white paper examining the Depository Institution Deregulation and Monetary Control Act (DIDMCA).

The paper examines recent opt-out efforts and the potential complications that would arise from … Read the rest

News From Our Members | PayNearMe Secures $45M in Series D Funding
Jun 02, 2023

PayNearMe Secures $45M in Series D Funding, Accelerating Payments Innovation and Market Expansion

Queensland Investment Corporation leads investment round, empowering PayNearMe to pioneer new advancements in digital payments and … Read the rest

Recent Fed Reports Point to Tighter Consumer Credit
Jun 02, 2023

Two reports released by the Federal Reserve in May show credit conditions are tightening across the economy.

The Federal Reserve Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices, provides information on bank credit … Read the rest

Industry Icon Rochelle McClanahan
May 31, 2023

The AFSA Extra Credit Podcast Industry Icon series continues, featuring outstanding female leaders in the consumer credit industry. This episode features Rochelle McClanahan, Chief Financial Officer/Compliance Officer with Brundage… Read the rest

Inflation & Consumer Credit
May 30, 2023

Inflation is a complex phenomenon influenced by various factors, but its consequences cannot be under-estimated. In such an environment, access to credit becomes increasingly crucial for individuals and businesses. While the cost of … Read the rest

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